Verve Group

News Summary:

On August 27, 2026, Verve Group reported its second-quarter financial results, with revenue reaching EUR 152.3 million, a 6.5% like-for-like increase, and adjusted EBITDA of EUR 30.1 million. Despite improved profitability, the company's shares fell 17.56% to $1.08, nearing its 52-week low, primarily due to softer organic growth of 3.5%. Management noted that revenue growth also included 4.6% from acquisitions, partially offset by a 1.7% currency headwind. The company reaffirmed its full-year 2026 guidance, projecting revenue between EUR 680 million and EUR 730 million and EBITDA from EUR 145 million to EUR 175 million, anticipating support from gross margins of 39% to 41% and restructuring savings in the second half. Verve also prepared to move its corporate headquarters to Ireland and expand its retail media network in the U.S. and beyond, while maintaining a strong cash position of EUR 132.4 million despite a quarterly decrease of EUR 14.8 million. Earlier, on August 25, Verve Group obtained permission from the Swedish Companies Registration Office to transfer its registered office to Ireland. Previously, on August 4, Verve secured the 2026 ADWEEK Tech Stack Award in the Mobile Product/Platform category, recognizing its collaboration with LinkedIn in optimizing user acquisition campaigns using its performance DSP Dataseat within Apple's SKAdNetwork.